DevvStream, XCF Global and Southern Energy Renewables planning three party merger
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Background ✨
XCF Global had previously signed non-binding memoranda of understanding with DevvStream, Southern Energy Renewables, IP3 Corporation and BGN INT US to explore collaborations in low carbon fuel platforms, including small modular reactor nuclear power integration, SAF production and environmental attribute monetisation. It also commenced initial site work on its New Rise Reno 2 facility, with Bank of America engaged to assist in structuring potential debt financing for construction and expansion of its SAF platform1 2 3 4 5.